Sebi wants government to hasten policy reforms

MUMBAI: Expressing anguish over the delay in clearing key policy reforms such as the one on pension funds, Sebi Chairman UK Sinha has urged the government to hasten reforms to revive investor sentiment and boost economic growth.

"...some of the reforms which have long been pending and one which was mentioned a short while ago - the pension reform," said Sinha at the Annual Skoch Summit on Friday. "Some of the reforms which have been on the anvil for almost a decade... are yet to come through. And that is something - a matter for all of us to ponder very seriously that how long can we go on deferring this?" he said.

His remark comes a day after the Pension Reforms Bill was deferred by the Cabinet due to opposition from Trinamool Congress, a key ally of the UPA government. On the dwindling foreign fund inflows into the Indian markets, he said foreign investors were coming to India in large numbers to understand whether there was a slowdown in policy process or in growth.